Illicit Financial Flows from Developing Countries: 2004-2013

 

This December 2015 report from Global Financial Integrity, “Illicit Financial Flows from Developing Countries: 2004-2013,” finds that developing and emerging economies lost US$7.8 trillion in illicit financial flows from 2004 through 2013, with illicit outflows increasing at an average rate of 6.5 percent per year—nearly twice as fast as global GDP.

This study is GFI’s 2015 annual global update on illicit financial flows from developing economies, and it is the sixth annual update of GFI’s groundbreaking 2008 report, “Illicit Financial Flows from Developing Countries 2002-2006.” This is the first report to include estimates of illicit financial flows from developing countries in 2013—which the study pegs at US$1.1 trillion.

According to report and the Country Rankings by Largest Average Illicit Financial Flows, 2004-2013, Macedonia is on the 88th place from 149 countries, with 5,162 million dollars cumulative Illicit Financial Flows from Developing Countries.

Read the full report on the following link:

http://www.gfintegrity.org/report/illicit-financial-flows-from-developing-countries-2004-2013/

Source: Global Financial Integrity, bDev KarJoseph Spanjers- 08.12.2015